Figures released today by the Nationwide Building Society show that more than a quarter of all homes sold in the UK are terraced houses.

According to the lender

* Just over one quarter (27%) of homes purchased are terraced

* Terraces are the most popular property type amongst first-time buyers, with 38% opting for them

* New build terraces are nearly 200 sq ft (19m²) larger than existing terraces and twice as likely to have four or more bedrooms

* Terraced property prices have increased by 51% over the past five years, the fastest rate of price growth of all property types.

In addition to reporting average UK property prices, Nationwide publishes figures for the four main property types; detached, semi-detached, terraced and flats.

This report, the third in a series of four, outlines the typical characteristics of terraced properties, based on Nationwide's survey of properties bought, and how this style of house has changed over time.

Previous reports in this series can be found at: